Don links poor risk management, governance to banking challenges
Poor management of risks, non adherence to corporate governance and regulatory issues have been identified as prime factors that have led to banks’ failure in Nigeria, which also lingers till now.
‘Compliance critical to sustainability in banking’
The sustainability of the banking industry may have been hinged on strict adherence to compliance principles in line with the global best practices. The Managing Director of Ecobank Nigeria Limited, Jibril Aku, who made the observation, explained that every activity in banking operations have a link to compliance principles because there are set standards, which…
Tale of mixed economic fortunes with ‘lone’ policy plan
Economic management requires complementary application of monetary and fiscal policies. Nigeria’s case is either lopsided or outright absence, with the attendant implications, which appear mixed. CHIJIOKE NELSON reviews the development. There is no gainsay that the last one year has witnessed a great volume of policy turnover, especially in the monetary policy side. Even in…
Anti-Monopoly Group Denies Planning Nationwide Protest Against SON
THE Alliance Against Monopoly (AAM) has debunked a recent report in some national newspapers that it was planning a nationwide protest against some policy initiatives of the Standards Organisation of Nigeria, saying the stories were conceived to hoodwink and mislead the unsuspecting public.
UDSC Wins African Best Quality Diagnostic Company Of The Year Award
LEADING indigenous and homegrown company in the medical diagnostic and healthcare sector, Union Diagnostic and Clinical Services (UDCS) Plc has been awarded the 2015 African Best Quality Diagnostic Company of the Year in recognition of her professionalism in quality assurance culture and quality management practices.
Nigerians Should Be Ready To Absorb Looming Financial Pains, Says Okoli
A UNITED States (U.S.) licenced Broker and Investment Advisor of Nigerian origin, Dr. Christopher Ogbogu Okoli, has predicted that Nigeria would go through “some traumatic financial pains” in the near future, warning Nigerians to prepare their minds for the long painful process of restoring all the many decades of destruction in the country.
Oladapo: Making Nigeria Proud In Australia And Beyond
REMARKABLE achievements by Nigerians who reside in overseas countries are difficult to identify in light of the widespread view that our citizens are mostly involved in inappropriate behaviour, regardless of where they live.
Kogi lauds Ecobank-NACA initiative at varsity
Kogi State Governor, Capt. Idris Wada, has commended Ecobank Nigeria for funding the multi-million naira Ecobank-National Agency for the Control of AIDS (NACA) Youth Friendly Centre at Kogi State University, Ayingba.
Calls for apex bank reform: A hasty alert?
The call for the current administration to reform the management of the Central Bank of Nigeria (CBN), has been described as hasty and smacks of “an over-boiling steam for patriotism and consummate desire to ensure that the management of the Nigerian economy delivers growth and generate employment.
TSA debit falls short of expectations, says report
Indications have emerged that the Treasury Single Account debit was short of expected amount by 47 per cent at N345 billion. In a report put together by Renaissance Capital on Monday, out of the estimated N652 billion government’s naira deposits in banks, only 53 per cent entered the TSA vault, falling short of N307 billion.